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Home / Metal News / Primary aluminium inventories fell 3,000 mt on week

Primary aluminium inventories fell 3,000 mt on week

Jul 2, 2020 16:34

Source:SMM

Primary aluminium ingot inventories in China continued to trend lower this week, albeit at a slower pace, showed SMM data.

SHANGHAI, Jul 2 (SMM) – Primary aluminium ingot inventories in China continued to trend lower this week, albeit at a slower pace, showed SMM data.

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 3,000 mt from last Wednesday June 24 to 719,000 mt as of Thursday July 2, following a decline of 32,000 mt in the previous week.

Inventory data

Aluminium

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The fall of aluminium prices stimulated processing enterprises to restock. Exports are expected to rise.

Mar 14, 2022 15:18

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The Fall of Aluminium Prices Stimulated Restocking. Exports are Expected to Rise.[SMM Aluminium Downstream Weekly Research]

Copper cathode inventories across major regions shrank 2,100 mt over weekend

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Jul 26, 2021 14:00

Analysis

Copper cathode inventories across major regions shrank 2,100 mt over weekend

Primary aluminium inventories shrank 18,000 mt on week

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 18,000 mt from last Thursday to 858,000 mt as of July 8.

Jul 8, 2021 15:41

Analysis

Primary aluminium inventories shrank 18,000 mt on week

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SHFE nonferrous metals broadly rose for the most part on Wednesday June 23 with investors awaiting key Purchasing Managers' Indexes from the euro zone.

Jun 23, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

SHFE nonferrous metals broadly closed higher across the board on Tuesday June 22, triggered by the Fed's updated inflation projections and a shortening of its interest rate hike schedule.

Jun 22, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

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SHFE nonferrous metals broadly fell on Monday June 21, following jitters in global markets over the more hawkish tone from the US Federal Reserve last week.

Jun 21, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

LME base metals closed mixed in the overnight trading last Friday, as the expanding inflation and rising US dollar weighed on the market, but short supply still supported the prices. SHFE metals basically went down.

Jun 21, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

LME and SHFE non ferrous metals all declined in yesterday’s overnight trading as Fed officials implied to raise interest rates in advance and increased the excess reserve ratio.

Jun 18, 2021 09:44

SMM Comments

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

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LME base metals all fell in the overnight trading yesterday, as US dollar index went up slightly, and the plummeting US May retail sales brought negative sentiments to the market. Meanwhile, SHFE metals closed mixed amid the policy control.

Jun 16, 2021 09:40

SMM Comments

SMM Morning Comments (Jun 16): LME metals all fell amid higher US dollar index

Primary aluminium inventories shrank 25,000 mt on week

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 25,000 mt on the week to 1.12 million mt as of April 29, and Wuxi mainly contributed to the decline.

Apr 29, 2021 15:36

Analysis

Primary aluminium inventories shrank 25,000 mt on week

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Primary aluminium inventories fell 3,000 mt on week

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